Squarespace, Inc. (NYSE:SQSP) CEO Anthony Casalena Sells 145,182 Shares

Squarespace, Inc. (NYSE:SQSP) CEO Anthony Casalena sold 145,182 shares of Squarespace stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $46.33, for a total transaction of $6,726,282.06. Following the transaction, the chief executive officer now directly owns 1,349,263 shares in the company, valued at $62,511,354.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Anthony Casalena also recently made the following trade(s):

• On Wednesday, September 4th, Anthony Casalena sold 38,466 shares of Squarespace stock. The shares were sold at an average price of $45.26, for a total transaction of $1,740,971.16.
• On Thursday, August 8th, Anthony Casalena sold 68,659 shares of Squarespace stock. The stock was sold at an average price of $44.18, for a total transaction of $3,033,354.62.
• On Monday, July 15th, Anthony Casalena sold 59,882 shares of Squarespace stock. The shares were sold at an average price of $43.78, for a total value of $2,621,633.96.
• On Monday, July 1st, Anthony Casalena sold 60,012 shares of Squarespace stock. The shares were sold at an average price of $43.52, for a total value of $2,611,722.24.

Squarespace Stock Up 0.0 %

Shares of SQSP stock traded up $0.01 during mid-day trading on Wednesday, reaching $46.41. 1,278,401 shares of the company’s stock traded hands, compared to its average volume of 994,536. The company’s 50-day moving average price is $44.71 and its 200-day moving average price is $41.02. The company has a market cap of $6.43 billion, a P/E ratio of -927.40, a P/E/G ratio of 8.29 and a beta of 0.62. Squarespace, Inc. has a 12 month low of $26.70 and a 12 month high of $46.48.

Squarespace (NYSE:SQSP) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The business had revenue of $296.80 million for the quarter, compared to analyst estimates of $293.12 million. During the same quarter in the previous year, the business posted $0.03 EPS. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. Equities analysts predict that Squarespace, Inc. will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on SQSP. Mizuho downgraded Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research report on Monday, August 5th. B. Riley lowered shares of Squarespace from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Tuesday, June 11th. UBS Group increased their target price on shares of Squarespace from $44.00 to $46.50 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Barclays boosted their price target on Squarespace from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $43.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SQSP. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Squarespace in the second quarter worth $71,000. Bardin Hill Management Partners LP purchased a new stake in Squarespace during the 2nd quarter valued at about $1,478,000. Water Island Capital LLC bought a new stake in Squarespace during the 2nd quarter valued at about $37,107,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Squarespace in the second quarter worth approximately $657,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Squarespace by 14.1% during the second quarter. The Manufacturers Life Insurance Company now owns 49,561 shares of the company’s stock valued at $2,160,000 after buying an additional 6,114 shares during the last quarter. Institutional investors own 92.30% of the company’s stock.

Squarespace Company Profile

Squarespace, Inc operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet in the United States and internationally. It enables users to manage their projects and businesses through websites, domains, e-commerce, marketing tools, scheduling, and hospitality services, as well as tools for managing a social media presence.